Euro-Zone PMI Rises to 52.1 in August as Factory Growth Hits 4-Year High
Updated
Updated · Bloomberg · Aug 21
Euro-Zone PMI Rises to 52.1 in August as Factory Growth Hits 4-Year High
3 articles · Updated · Bloomberg · Aug 21
Summary
The euro area’s composite PMI unexpectedly climbed to 52.1 in August from 52.0 in July, defying expectations for a dip to 51.7.
Manufacturing drove the improvement, posting its strongest growth in more than four years and lifting overall private-sector activity further above the 50 line that separates expansion from contraction.
The gain signals the bloc’s private sector kept expanding in August, with factory momentum offsetting weaker expectations and offering a modest boost to the euro-zone growth outlook.